News

In a recent article, the Wall Street Journal explored the potential for a conflict of interest when employees leave the Securities and Exchange Commission for the private sector. Several instances have recently come public in which former SEC employees turn to more profitable private companies and represent the very clients they had once investigated. While some argue that these cases exemplify a lack of business ethics, Professor Roberta Karmel spoke in defense of what the Journal called the SEC's "revolving door." She said, "If you want to bring talent from the outside, you have to let people go to the private sector and make a living afterwards. I think it comes down to personal integrity."